Ensuring sustainable and stable public finances in the medium and long term, implementing gradual and responsible fiscal consolidation by reducing the budget deficit, preserving macroeconomic and financial stability in conditions of energy and price instability, as well as creating conditions for sustainable economic growth and increasing economic resilience to future crises. These are the main objectives of the fiscal policy set out in the Fiscal Strategy for the period 2027-2031, which was prepared by the Ministry of Finance and adopted by the Government. The Fiscal Strategy was reviewed Tuesday at a Parliament plenary session.
In line with the adopted 2027-2031 Fiscal Strategy, fiscal policy will also be aimed at creating preconditions for a new cycle of economic growth through the implementation of a high amount of public capital investments, gradual fiscal consolidation and improving public finance management. In addition to the commitment to fiscal consolidation and budget savings, the economy will continue to be supported by investments in infrastructure projects, redesigning the structure of public finances by maintaining a high level of capital expenditures and strengthening transparency and accountability. At the same time, it is planned to implement a disciplined fiscal policy, which will actually mean reducing non-essential expenditures in order to use public funds more efficiently and purposefully. The fiscal strategy contains the medium-term directions and objectives of the fiscal policy, which will be based on fiscal responsibility and discipline through planning and using public funds within realistic and sustainable fiscal possibilities, gradualism and predictability, implementing fiscal consolidation in phases, without sudden restrictions that could cause economic shocks. Social equity is also envisaged to protect the most vulnerable categories of the population from the negative effects of the crisis and fiscal adjustments, as well as transparency and accountability with clearly defined measures and mechanisms for monitoring and reporting.
